The Jones Company has just completed the third year of a five-year MACRS recovery period for a piece of equipment it originally purchased for $296,000. Assume that the equipment is put into use in year 1 . What is the book value of the equipment? (Round to the nearest dollar.) Answer: If Jones sells the equipment today for $178,000 and its tax rate is 21%, what is the after-tax cash flow from selling it? (Round to the nearest dollar.)